Supreme Court Upholds 28% GST on Online Fantasy Gaming — Landmark Verdict Could Wipe Out India’s Rs 1 Lakh Crore Online Gaming Industry
The Supreme Court delivered a double blow to India’s online gaming industry on Wednesday, upholding the retrospective 28% GST levy on the full bet value for fantasy sports and online gaming platforms, paving the way for tax recovery of approximately Rs 1 lakh crore from around 80 companies.
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